Friday, October 2, 2009

Market Summary -- 2nd Oct 09

FTSE STI closed 2,604.53, down 52.91 points or -1.99% with a total volume of 2.31b and a total value of S$1.79b. Total number of advance vs decline was 88 vs 533. Of the 30 component index stocks, 1 closed positive, 26 closed negative and 3 remained unchanged. The only gainer component stock was :-

1. Capitaland +0.010

The top 5 loser component stocks were :-

1. JMH 400US$ -1.500
2. SIA -0.480
3. Jardine C&C -0.360
4. JSH 500US$ -0.280
5. KepCorp -0.280

US markets fell at least 2% yesterday night after a worse than expected ISM data. Asia bourses taking the cue all traded in lower for the day. Nikkei closed -2.47% and HSI -2.77%. STI though managed to rebound from 2,600 support level but still close almost -2.0% with only 1 component index stock closed in the positive. With US unemployment rate announcing tonight and taking cautious, investors were willing to take up any position over the weekend. All eyes will be on tonight US unemployment rate